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Subject:(Direct Referral) Request of the Director of City Development to accept the offer of Pedro Tafoya to purchase 1620 Flett Avenue. (Res. No. 12-3235)
Recommendation of the Loan Board of Review on July 11, 2012:
That the offer of Pedro Tafoya to purchase 1620 Flett Avenue, as set forth in his offer dated June 26, 2012 and the counter-offer dated June 29, 2012 be approved.
Further recommends that the Mayor, the City Clerk, and the Director of City Development be authorized to execute any documents necessary to complete the sale.
Fiscal Note: The property was acquired and rehabilitated through the NSP-1 program. The city will receive $65,000 in proceeds, minus commissions and closing costs.